Project description
The loan funds are intended for the refinancing of an existing credit line. The client had committed to repay a 40,000 EUR portion of the disbursed credit line within 6 months, but due to expansion and a large new order received (value ~420,000 EUR + VAT), an extension of the current loan repayment is requested because the company needs working capital to implement the project.
The refinanced loan was used at that time to fulfill existing contracts and purchase materials to ensure an uninterrupted production process and to meet obligations to clients on time. The financing allowed for the continuity of raw material supply, increased production volumes, and the optimization of working capital, which strengthened the company's financial stability and created conditions for further business growth.
Purpose of raising funds
Refinancing
